About us

General Information

The practice firm is a virtually created company in which all products and services are also virtual. In a practice firm, all industry-specific business cases occur to give students more insight into a company. The students' work must be completed, just as in "real" life, taking into account commercial practices and legal requirements.

Industry Choice

As a business school we have decided to found the practice firm "Trainee Consulting GmbH Tax and Business Consulting". This allows us to apply the theoretical knowledge acquired at school in the practice firm.

Furthermore, there is still very little competition in this industry, giving us the opportunity to stimulate the practice firm market. 

Product Groups

Tax Consulting: 

o   Accounting:

• • Tax optimization and planning for businesses

  • Support with tax returns

  • Advice on tax compliance

o   Annual Tax Return:

• • Ongoing accounting and cost accounting

  • Preparation of monthly, quarterly, and yearly financial statements

  • Email submission of reports

o   Sustainability Report:

• • Preparation and consulting on sustainability reports

  • Improving competitiveness

Business Consulting:

o   Practice Firm - Start-up advice:

• • • Support in establishing and developing practice companies

    • Business plan preparation

o   Software Introduction:

• • • Training with the BMD progam

    • BMD additional tips and tricks

Webinars:

o   Payroll Accounting - ELDA - Modul 2:

• Payroll

• Calculate non-wage costs

• register employees

• Creation of Master Sheets and Service Contracts 

o   Introduction BMD NTCS:

• Legal framework for accounting

• Organization of double-entry bookkeeping and accounting techniques

• Function and structure, organizational regulations, documentation, accounts, accounting techniques, chart of accounts, and chart of accounts

o   Tax Returns:

• Practical presentation of selected legal regulations for preparing the 2020/2021 annual financial statements

• Preparation of annual financial statements taking into account all legal changes

• Information on changes to tax returns for 2020/2021

o   Personnel Accounting:

• Payroll

• Correct classification in the collective agreement

• Salary (all-inclusive/overtime pay)

o   Accounting Introduction:

• Legal framework for accounting

• Recordkeeping obligations, financial accounting, accounting systems, accounting obligations

• Organization of double-entry accounting and accounting techniques

• Accounting cycle

• Opening entries, ongoing entries

• Accounting for simple business transactions

o   Basis for preparing the Annual Financial Statements:

• Corporate and tax law valuation concepts

• Valuation principles and principles of proper accounting

• Balance sheet and management report

Specialized Literature:

o   Accounting - Introductory Seminar Materials:

•  Valuation of Fixed Assets

• Balanced Scorecard Seminar

• Seminar Materials: Introduction to Accounting

o   Payroll Seminar Materials:

• Deadlines and dates for payroll accounting

• Collective bargaining agreements

• Legal basis for payroll accounting

• Social security classification

• Seminar materials: Introduction to payroll accounting

Promotional Materials:

o   Our products:

• Notepad

• Cotton Bag

• Wooden Pen

Organizational chart

Pedagogical teaching concept including teaching role

To fulfill the claim of the practice firm as a "learning center of your own design," it is necessary to combine theoretical knowledge with practical work to create a comprehensive program. My role as a teacher in the practice firm is to ensure that all business subjects are interconnected and to create situations in which the students must learn new things or make connections to what they have already learned. In the practice firm, the teachers act as the company's managing directors. This means that problems must primarily be solved within the department in consultation with the department head. If no solution is found, the department head presents the problem to management, who then makes a decision or provides assistance. The practice firm is therefore also a "learning by doing" experience. Over the course of the school year, the students become more independent as employees, communicate better with one another, and require less assistance. In this way, the students acquire greater independence and develop better teamwork skills. The teachers act as monitors to ensure that operational activities are carried out correctly. It is important that mistakes can be made during the practice firm activity and that the causes of the mistakes are analyzed together with the students.

Sustainability in the training company "Trainee Consulting GmbH - Tax and Business Consulting 2024/25"

In order to ensure sustainability in the practice company, economic, ecological and social goals must be taken into account.

Digitalization in the practice company Trainee Consulting GmbH - Tax and Management Consulting 2024/25